296 VS

So i have to buy the used 296 VS

 

Wouldn’t that defeat the purpose of a VS? Large production numbers would be more chances of large depreciation. Also, how many people that took a huge hit are actually willing to jump in again (I’d guess it would be a very small percentage). (I figure your post was kind of in jest and I understand the thought process).

 

Just checked mobile.de, it does not look a good time to sell a 296 now ...
I wonder how Ferrari will work around that for the VS; on the other hand, speculators (who do not care about cars) are a different market than car amateurs, so maybe Ferrari is right to now focus on this audience.
It's a pity for car lovers, but business is business - the risk for Ferrari though is that speculators may decide overnight to speculate on other things that four wheeled objects (honestly, I'd like that to happen, since it would redefine both the pricing and the product design ... a really track oriented road car would be a dream for me, instead of a carbon loaded, overpriced generic car).

 

Guess I'll convince myself that the AF package is 90% VS.

 

look at Pista and Speciale prices....$550++. Zero chance Ferrari won't make MORE 296VS vs Pistas. The market demand is there and the profit for RACE is huge. Ferrari will leave zero profit for flippers. This will change the paradigm. Going forward not all 'special cars' from Ferrari will have any remaining potential profit for flippers.

I may skip the VS, keep the 296 GTS...or sell the GTS and get another Pista.

Porsche is doing the same thing with the new GT3 992.2. Raised the price $40k which was the average overage.

 

I talked to my dealer and they told me if the allocations are up to them, and it most like will be (though they didn’t say that, just my opinion) I’m “100% getting a car, not even a question”. So that’s good.

 

I'll message you about that, short answer is yes.

 

it appears the days of Ferrari caring about protecting values are over for the non-VIP level cars.....

 

With an SF90 XX coming, I’m torn about what to do with the 296 VS. I know I’ll get one if I want it, but for me it comes down to whether it’s a numbered car. If it’s like the Pista, it’s unlikely I’ll feel compelled to take it. Moreover, I really wonder where the value support will be for limited, hybrid Ferrari’s?! Requiring owners to hold our SF90’s while waiting for the XX, doesn’t seem to be holding current values up. If it is, this spells even more trouble for both 296 and SF90 models down the line when the VS variants are all delivered.

As holder of a significant number of Ferrari shares, I’m thrilled with the stock’s performance. Last I checked, I’m up nearly 170%. However, as an owner and collector, I worry about the volume of cars being built, the significant increases in MSRP and growing depreciation factor when buying every new model they produce. I got off the Mc Laren ride when some other fellow owners and I figured out it was costing $35/mile to drive them…ten years ago. And, they couldn’t stop coming out with new models that would kill the one you just got. It feels a little bit like Ferrari may be headed in a similar direction. Although, as a brand, Ferrari has traditionally been a master of controlling values. Let’s hope that continues. Of course, just one more irrelevant opinion here…

 

This is the "new" Ferrari pricing model.

If Ferrari can make say 2000 296VS and sell all of them with some people turning them at a profit why should Ferrari not add an extra 15/20% to the price and see if they can still sell 2000.

If the demand is not there they reduce the numbers and if demand continues they make far more money as that 15/20% goes straight to the bottom line and makes their gross and nett margins even more attractive to investors.

Unless the sales fall drastically it is a win/win to price all "special" (including not limited number) cars at a higher margin.

One might even think the decrease in standard 296 new order allocations, that some people are reporting, is to make way for existing 296 owners to get into the VS whilst dealers see a demand for their standard 296 trade-in. Again a win/win in terms of moving new sales, more easily, into higher margin cars.

 

You want to have your cake and eat it too, it's not possible. you will have high shares and disposable cars, until the day when the house of cards...
I have always held this same position, and for the moment, it works...
No hybrid model will hold its value, none! they have no future in collecting.

 

Don’t entirely disagree with the first part, but there is a needle that can be thread. Plenty of watch examples to point to. If the second part holds true, the brand is in a death spiral as it will become impossible to find enough buyers willing to burn their cash without the carrot of limited collectibles on the other end. But, this is not unique to Ferrari.

 

"No hybrid model will hold its value, none! they have no future in collecting"

I get the thought, but I think it's a little harsh, could you not apply the same thought to all of the electronics that have been in cars for the last 40 years.

 

When did those days ever exist? I'm asking with all seriousness, not being facetious. The brand has always operated with a certain amount of contempt for it's customers.

 

Won't be numbered. I'd keep whatever one you think looks better.

 

And it's not true. No one knows what the future will hold. There are many dynamics playing into the falling value of Ferrari hybrids (and other exotics) right now. Greedy dealers, over allocating to non-traditional buyers, looking to split a profit, is a big one.

 

Right, and the LaFerrari is worth less than new? Speaking of, see how Ferrari priced in the value increase of the Halo cars to with the F80? If a $1.2m LaFerrari can sell for $4m, why not have Ferrari make the money right off the bat. I don't see the F80 tripling...

 

You can't include the LAF in the reasoning, because it's very different from current hybrids. Not only does it have a historical engine at its peak, sound, nobility and history. Not to mention that a KERS is kinetic energy recovery and that it has nothing to do with current batteries, which also combine the reduction in the number of disconnected cylinders from the history of the brand and especially the lack of mechanical nobility of the turbos...

 

the 296 VS convertible might be numbered. They did that with the 16m and 458SA. Then didn't with the Pista Spider.

 

I know, it’s still a marvel.

 

The F80 buyers will disagree with you

 

I’m no hybrid fan but the 296 is the best car I’ve ever owned. I really don’t care what collectors may or may not think. I may not move up to a VS if I’m going to lose 50% and get a car that’s barely better in any substantive way. But I’m ok with that, I specced this one perfectly for me and am happy to keep it forever(as I always do, but it never happens).

 

My 2 cents is Ferrari will build as many of these as there are buyers. The Spider will remain less accessible as was the case with Pista spider, but it wouldn't surprise me if they open these up if there aren't enough takers for the coupe. Considering the depreciation levels on GTB there will be many owners reluctant to take the hit to get into the VS. I doubt the VS will provide enough catch up on the loss of the GTB as, as good as the V6 hybrid performance is, it has yet to produce the same desire in the secondary market as the less complex previous V8 generation of cars, and, may never.

 

Any chance of a ICE engine only in the 296VS like the 296 challenge and gt3 or is that a non-starter?

 

Welcome to Ferrari/iPhone business model. Lol